JPMorgan Chase & Co., the largest U.S. bank by assets, reported second-quarter profit that beat analysts’ estimates as higher revenue from investment banking and trading overcame a drop in fees from mortgage lending.

U.S. banking regulators agreed to ease requirements for some of the smallest lenders in a new set of capital standards designed to prevent a repeat of the 2008 crisis that almost destroyed the world’s financial system.

Global regulators are planning to crack down on banks that underestimate their capital requirements because of the way they use credit-default swaps and other instruments to lower the amount of risk on their books.